BSTZ

BlackRock Science and Technology Term Trust is a closed-end equity mutual fund with a defined termination date that invests primarily in equity securities of science and technology companies worldwide. Managed by BlackRock Advisors, LLC, the fund combines technology sector exposure with a term structure providing a predetermined liquidation date when assets will be sold and proceeds distributed to shareholders. This term fund structure addresses typical closed-end fund concerns about perpetual discounts to NAV by creating a liquidation catalyst. The fund's portfolio focuses on innovative technology and science companies across sectors including information technology, biotechnology, semiconductors, software, internet, healthcare technology, communications, and other technology-enabled industries. Investment emphasis includes both established technology leaders and emerging companies positioned to benefit from technological advancement and digital transformation. The investment team conducts fundamental analysis identifying companies with competitive advantages, innovative capabilities, growth potential, and attractive valuations across global technology markets. As a closed-end term trust, the fund trades on exchanges and may trade at premiums or discounts to NAV, though the discount should narrow as the termination date approaches since liquidation provides defined exit at NAV. The fund may employ leverage to enhance returns, increasing both potential gains and risks. The trust provides distributions from dividends and capital gains. The term structure differentiates this fund by providing certainty about eventual liquidation, potentially making it attractive to investors concerned about persistent closed-end fund discounts while wanting technology sector exposure. The fund serves investors seeking growth-oriented technology equity exposure through professional management with the added feature of the defined term. Technology investing offers substantial appreciation potential but comes with higher volatility, sector concentration risks, and sensitivity to innovation cycles, regulatory changes, and market sentiment toward growth stocks. The fund's concentrated technology focus creates amplified exposure to sector dynamics, both positive and negative.